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Updated over 4 years ago on . Most recent reply
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New Member (Newbie investor)
looking into buying my 2nd investment property. I want to start my rental portfolio and start my journey as a successful real estate investor.
Current Situation:
Married 2 kids, I live in Southern California. My primary residence has some equity (roughly 80k). We plan on moving to texas with in the next 12-18 months. I've done a fair amount of research on investing but am no expert and been hesitating to pull the trigger until I have a solid plan. Where should I start if I want to invest in SFR/Multi-unit properties? should I partner? form an LLC? take out a HELOC to get started investing remotely? Where are the best markets for these types of properties? I don't have much extra $ to invest on my own. I am new to the bigger pockets forum and have not done a deal yet. I am eager to learn from those with experience. Thanks in advance for the comments. Have a blessed day
Most Popular Reply
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@Isaac Segovia
Neeeeegative! I wouldn’t. The profit is in the buy. If you buy turnkey your just buying retail. There’s not really a deal. You will have turnkey providers telling you it’s a great idea and they will most likely argue against me for saying not to. The best deals are out there that need some work. Even if you buy turnkey you will still have maintenance and some rehab costs. The house isn’t perfect.